"2018 Tsinghua Wudaokou Global Financial Forum

Opening ceremony

吴晓灵:经济切换更需要金融监管的配合与金融开放
Wu Xiaoling: Economic restructuring requires the cooperation of financial supervision and financial opening

Over the past 40 years, China's financial reform has also been advancing, supporting social development and national prosperity. The students of Tsinghua Wudaokou also actively participated in the practice of financial reform and promoted China's financial reform. Wudaokou College ...[detailed]

陈文辉:扩大外资银行业务经营空间
Chen Wenhui: Expanding the business space of foreign-funded banking operations

With the deepening of the degree of openness to the outside world, foreign banks and insurance institutions have flourished in China, and the number of foreign institutions has grown steadily. In the banking sector, as of the end of 2017, there are a total of foreign banks...[detailed]

Theme Forum 1: The Beginning of the Reform and Opening of the Financial Reform and the 5th Anniversary of the Founding of Tsinghua Review

廖理:清华金融评论将重点从三个方面着力
Liao Li: Tsinghua Financial Review will focus on three aspects

Since the publication of the Tsinghua Financial Review in November 2013, it has always adhered to the principle of “topping, standing, academic, and policy” to analyze the economic and financial situation and interpret the commentary on economic and financial policies...[detailed]

李扬:利率是金融的基础设施
Li Yang: Interest rate is the infrastructure of finance. The marketization of interest rates is still deepening.

China’s interest rate marketization reform has been going on for 20 years. During this period, we have been told many times that the reform is about to succeed, and it’s worse. Today, this reform is still being determined in the “deepening” phase...[detailed]

朱民:我国人均保费仅占美国5%
Zhu Min: China's per capita premium only accounts for 5% of the US. The insurance market has broad prospects.

The core concept of openness is to create an international financial market that is in line with international standards. This is what we must do today because our financial market is very large, but...[detailed]

陆磊:若技术变革难逆转
Lu Lei: If technological change is difficult to reverse, financial instability or re-release

If technological change is irreversible, then the impact of information and data technology on the financial industry's technological impact and financial evolution on the real economy and society is also irreversible. These two types of shocks...[detailed]

匈牙利国家银行行长:中国需要新一轮的金融改革
President of the Hungarian National Bank: China needs a new round of financial reform

Financial reforms must strengthen financial markets and the central bank to communicate and coordinate with financial regulatory authorities and governments. He believes that the opportunities and challenges of financial reform coexist, and there must be a comprehensive analysis to prevent small probabilities...[detailed]

Theme Forum 2: Financial Supervision and Financial Risk Prevention

周延礼:机构参与互联网金融必须要持牌经营
Zhou Yanli: Institutions involved in Internet finance must be licensed to operate

The innovation of the Internet financial industry, the innovation of financial services, meet the needs of social diversification investment and financing, improve the level of financial inclusiveness, and even strengthen the risk of financial supervision and prevention, constantly...[detailed]

孙国峰:金融监管不能让步
Sun Guofeng: Financial supervision can't make concessions

Taking the outbreak of the US economic crisis as an example, it reveals to us a very simple fact: that is, the impulse of financial institutions to create mixed operations in order to pursue their own interests is natural. But looking back at history...[detailed]

董俊峰:监管科技有助于把控安全性与便利性的平衡
Dong Junfeng: Regulatory technology helps to balance safety and convenience

The development of financial technology has made information interaction more convenient and real-time, and cross-institutional and cross-category business innovation has become more and more abundant. From the perspective of industry norm development, catch up with the development of information technology...[detailed]

Andrew
Andrew Gray: The scope of the risk management work needs to be further expanded

The nature of risk management has changed, and now our financial industry is more threatening than ever. For example, cyber attacks, not a major financial risk ten years ago, are now cyber attacks...[detailed]

Richard:各国风险管理相对微观
Richard: Risk management in countries is relatively microscopic.

To overcome these challenges requires breaking the conventional mindset. Some experts have suggested that countries should try to establish an institution: this institution mainly conducts global cooperation across borders...[detailed]

Theme Forum 3: Capital Market and Real Economy

黄奇帆:中国资本市场仍存在发行机制不健全等9大问题
Huang Qifan: China's capital market still has nine major problems, such as the imperfect distribution mechanism.

After 40 years of reform and opening up, China’s society and economy have undergone earth-shaking changes. China's capital market has grown from scratch, from small to large, and today it has become the world's second largest capital market...[detailed]

詹余引:基金行业换手率大概是400%左右
Zhan Yu cited: The turnover rate of the fund industry is about 400%.

By the end of last year, the entire capital market (only refers to stocks), the stock market Shenzhen and Shanghai combined the market value of 56 trillion yuan, is already a very large scale...[detailed]

唐宁:创新企业在新时代下需要全新的投融资体系
Tang Ning: Innovative enterprises need a new investment and financing system in the new era

In the new era, technology-based startups, innovative companies have no physical assets, more are intangible assets, and data is a brand. It is totally different from traditional bank loans...[detailed]

韩学渊:未来3年
Han Xueyuan: In the next 3 years, strong supervision and de-leverage in the pool of funds is the core of the policy.

Whether a capital market is doing well or not is related to two factors. One is the long-term factor, the population; the other is the short-term factor, the policy; China will face the disappearance of the demographic dividend in the next 10 or 20 years...[detailed]

毛志荣:中国在大宗商品定价领域会有越来越多发言权
Mao Zhirong: China will have more and more say in the field of commodity pricing

China is the world's largest consumer of bulk commodities for production and the largest importer. But we are not the price decider at the international level. During the formation of the price benchmark...[detailed]

Theme Forum 4: Prospects for the development of the financial technology industry under strong supervision

霍学文:
Huo Xuewen: The essence of financial technology is to reduce costs and improve efficiency.

Financial technology is not simply a combination of finance and technology, but a fusion of finance and technology. The essence of financial technology is to reduce costs and improve efficiency, instead of testing the threshold of financial access with technology and breaking the bottom line of financial supervision with technology...[detailed]

百融金服张韶峰:老板报给老婆的数据都不一定是真的
Bai Rongjin clothing Zhang Yifeng: the data reported by the boss to his wife is not necessarily true.

For small and micro enterprises, because they have both personal attributes and corporate attributes, internal business data is difficult to obtain, and traditional risk control methods are not applicable. Only the C+B, based on AI+ big data, is the future direction of small micro-control...[detailed]

宜人贷方以涵:信用社会处于初级阶段
Pleasant lenders: the credit society is at an early stage

The construction of our credit system and the credit society are still at a relatively preliminary stage. I feel that the credit society is a very important thing. During the construction process, I feel that both the regulatory agencies and the practitioners must work together...[detailed]

玖富孙雷:互金机构如果想发展
Yan Fu Sun Lei: If the mutual gold institution wants to develop, it is impossible to fight alone.

The construction of our credit system and the credit society are still at a relatively preliminary stage. I feel that the credit society is a very important thing. During the construction process, I feel that both the regulatory agencies and the practitioners must work together...[detailed]

于军:金融产业占海淀区GDP10%左右
Yu Jun: The financial industry accounts for about 10% of GDP in Haidian District.

In the face of the tide of supervision, financial technology will not only "rain and wind", but will rise. Strengthening the regulation and strengthening supervision is also an opportunity, especially for those head enterprises and leading enterprises that have core technology support and adapt to the development trend...[detailed]

瑞士LucaP.Marighetti:世界上有两种金融监管思路
LucaP.Marighetti, Switzerland: There are two financial regulatory ideas in the world.

One is pragmatism. The countries in the major Anglo-American legal systems will follow this line of thinking. They will see if such technology can benefit more people. I think this is a correct idea, and there is another way called absolute correct law...[detailed]

Theme Forum 5: Sino-US Trade and Finance Open

On May 20, China and the United States issued a joint statement at the economic and trade consultations in Washington. First, the two sides agreed to take effective measures to substantially reduce the trade deficit of US trade goods with China. Second, they agreed to increase US agricultural products and energy exports. The two sides also discussed trade in manufacturing and services, and agreed to attach great importance to intellectual property protection.

This agreement or avoiding the trade war is the biggest good news. This agreement is actually hard-won and very important. The United States was originally a deadline at the end of May...[full text]

It is a good thing to reach an agreement between China and the United States. However, judging from the attitude of some politicians in the United States, there may still be some difficulties in developing this relationship between China and the United States.[full text]

It is good news to reach an agreement. This year, China’s social retail sales may exceed the United States...[full text]

China and the United States are getting closer and closer, but there is still a huge gap in our labor productivity...[full text]

Theme Forum 6: Development Trends and Prospects of Asset Management

Chen Hongchao: A large number of outstanding enterprises in China will rise. Equity investment is a good time.
Chen Hongchao: A large number of outstanding enterprises in China will rise. Equity investment is a good time.

In the future, China will have a large number of outstanding Chinese enterprises to rise rapidly, and quickly form a large number of outstanding enterprises with rapid growth. They will achieve our market, achieve our bull market, and achieve our opportunities. ...[detailed]

Chen Hongchao: A large number of outstanding enterprises in China will rise. Equity investment is a good time.
Zhu Ning: Artificial intelligence will have a subversive impact on the entire asset management industry

The asset management industry will be smart. Nowadays, more and more IT technologies, big data, cloud computing, and artificial intelligence are increasingly integrated into the asset management industry, which will have a subversive impact on the entire industry.[detailed]

Chen Hongchao: A large number of outstanding enterprises in China will rise. Equity investment is a good time.
Wang Zhongmin: Solving the problem of risk exposure depends on how much it is willing to pay

You are willing to pay more for your life. Today we want to solve our risk exposure problem. The biggest problem is how much I am willing to pay. If there is no new bond issuance and new liquidity injection, then I have only one dead end.[detailed]

Chen Hongchao: A large number of outstanding enterprises in China will rise. Equity investment is a good time.
Lin Xiaodong: 80% of the US is an institutional investor. 70% of China is a retail investor.

80% of the trading volume in the US market is created by institutional investors, pensions, and public funds. 70% of the trading volume in the Chinese market comes from retail investors, and professional organizations PK people are more likely to obtain Alpha.[detailed]

Theme Forum 7: Financial Helps Cultural Prosperity

Chen Hongchao: A large number of outstanding enterprises in China will rise. Equity investment is a good time.
Shao Qiwei: China's total tourism revenue will reach 7 trillion yuan in 2020

It is estimated that by 2020, the total tourism market in China will be 6.7 billion person-times, the total investment in tourism will be 2 trillion yuan, and the total tourism revenue will reach 7 trillion yuan. It is estimated that by 2030, the total tourism revenue will exceed 9 trillion yuan.[detailed]

Chen Hongchao: A large number of outstanding enterprises in China will rise. Equity investment is a good time.
Zhou Heping: Strengthening financial assistance to promote the faster development of China's cultural industry

China's cultural industry has great potential for development. At present, it is in an important period of development. It is urgent to establish a multi-level, multi-channel and diversified investment and financing system for cultural industries.[detailed]

Agenda

May 19 (Saturday)
09:00-10:15Opening Ceremony: Deepening Financial Reform and Opening up to Promote Financial Stability and Development
  • host:
  • Gu Liangfei Secretary of the Party Committee of Wudaokou Finance College, Tsinghua University
  • Message from the organizer:
  • Wu Xiaoling Chairman and Dean of Wudaokou Finance College of Tsinghua University, former vice president of the People's Bank of China
  • Keynote speaker:
  • Zhou Xiaochuan Vice Chairman of Boao Forum for Asia, Chief Representative of China, Honorary Dean of Wudaokou Finance College of Tsinghua University, Vice Chairman of the 12th National Committee of the Chinese People's Political Consultative Conference, Former President of the People's Bank of China
10:15-11:45Theme Forum 1: Re-starting from financial reform and opening up
  • host:
  • Ma Jun Director, Center for Finance and Development Studies, National Finance Research Institute, Tsinghua University
  • Speech:
  • Liao Li Professor of Finance at the Wudaokou Finance College of Tsinghua University, Executive Vice President, Dean of the Institute of Financial Science and Technology, Tsinghua University
  • Report released: China Financial Policy Report 2018
  • publisher:
  • Li Yang Former Vice President of the Chinese Academy of Social Sciences
  • Keynote speaker:
  • Zhu Min Dean of the National Finance Research Institute of Tsinghua University, former vice president of the International Monetary Fund
  • Lu Lei Deputy Director of the State Administration of Foreign Exchange, Member of the Strategic Advisory Committee of Wudaokou Finance College of Tsinghua University
  • Gy?rgy Matolcsy President of the Hungarian National Bank
12:00-13:30Closed luncheon: financial development and precision poverty alleviation
14:00-15:30Theme Forum 2: Financial Supervision and Financial Risk Prevention
  • host:
  • Zhou Wei Professor and Vice Dean of Ziguang Finance, Wudaokou Finance College, Tsinghua University, Associate Dean of National Finance Research Institute, Tsinghua University
  • Keynote speaker:
  • Zhou Yanli Former Vice Chairman of China Insurance Regulatory Commission, Researcher of Financial Center of State Council Counselor's Office, Director of Wudaokou Finance College of Tsinghua University
  • Speakers:
  • Sun Guofeng, Institute of Finance, People's Bank of China
  • Dong Junfeng, President of Netline Clearing Co., Ltd.
  • Richard Apostolik President and CEO, Global Risk Management Professionals Association (GARP)
  • Andrew Gray is the Chief Risk Officer of the Trust and Clearing Corporation (DTCC) Group, a member of the Corporate Governance Committee, and a member of the Board of Directors of the Global Risk Management Professionals (GARP)
15:30-17:00Theme Forum 3: Capital Market and Real Economy
  • host:
  • Wang Wei, Vice President of the National Finance Research Institute of Tsinghua University, Director of the Research Center of Listed Companies
  • Keynote speaker:
  • Huang Qifan, former head of the Chongqing Municipal Government, deputy director of the 12th National People's Congress Financial and Economic Committee
  • Speakers:
  • Zhan Yu cited Chairman of E Fund Company
  • Tang Ning Founder and CEO of Yixin Company
  • Han Xueyuan Chairman of Hanfu Holdings
  • Mao Zhirong Managing Director and Head of Business Development, Hong Kong Stock Exchange
  • Tian Xuan Professor of Finance and Assistant to the Dean of the Wudaokou Finance College of Tsinghua University
19:00-20:30Financial brand night talk: Brand? Drives the future (3rd floor of the new Tsinghua School)
May 20 (Sunday)
9:00-11:00Theme Forum 4: Prospects for the development of the financial technology industry under strong supervision
  • host:
  • Zhang Xiaoyan Professor, Xinyuan Finance, Wudaokou Finance College, Tsinghua University, Vice President, Institute of Financial Science and Technology, Tsinghua University
  • Keynote speaker (invited):
  • Li Dongrong President of China Internet Finance Association
  • Speaker (invited):
  • Huo Xuewen Party Secretary and Director of Beijing Financial Work Bureau, Member of Strategic Advisory Committee of Wudaokou Finance College of Tsinghua University
  • Lai Zhiming Vice President of Tencent Group
  • Fang Yihan, CEO of Pleasant Loan
  • Sun Lei Founder and CEO of Yanfu Group
  • Ye Daqing Rong 360 | Co-founder and CEO of Jianpu Technology
  • Yang Fan, Love Capital, Founding Partner
  • Carl William Wegner R3 Asia Pacific Managing Director
  • Luca P. Marighetti Chief Digital Transformation Officer, Swiss Re Group
  • Luo Chuan, Chairman and CEO of Daokou
  • Liao Li Professor of Finance at the Wudaokou Finance College of Tsinghua University, Executive Vice President, Dean of the Institute of Financial Science and Technology, Tsinghua University
11:00-12:00Theme Forum 5: Financial Opening from the Perspective of Sino-US Trade Disputes
  • host:
  • Zhu Min Dean of the National Finance Research Institute of Tsinghua University, former vice president of the International Monetary Fund
  • Speaker (invited):
  • Yu Yongding Member of the Chinese Academy of Social Sciences
  • Li Bo Director, Monetary Policy Department, People's Bank of China, Member of the Strategic Advisory Committee of Wudaokou Finance College, Tsinghua University
  • Yan Yan Research Director, Central Foreign Exchange Business Center, State Administration of Foreign Exchange
  • Qi Jiandong Professor of Ziguang Finance, Wudaokou Finance College, Tsinghua University, Director of International Finance and Economic Research Center, National Finance Institute, Tsinghua University
14:00-15:30Theme Forum 6: Development Trends and Prospects of Asset Management
  • host:
  • Yu Jianfeng Professor of Finance at the Wudaokou Finance College of Tsinghua University, Director of the Asset Management Center of the National Finance Research Institute of Tsinghua University
  • Keynote speaker (invited):
  • Wang Zhongmin, former vice chairman of the National Social Security Fund Council
  • Speaker (invited):
  • Zhang Xuyang Vice President, Baidu
  • Lin Xiaodong, President of Vanguard Group China, Chairman of Pioneer Pilot Investment Management (Shanghai) Co., Ltd.
  • Dou Yuming Chairman of China Europe Fund Management Co., Ltd.
  • Wang Xin Chairman of Fuhua Holdings Co., Ltd.
  • Chen Hongchao Chairman of Shenzhen Jingying Times Fund Management Co., Ltd.
  • Zhu Ning Professor of Oceanwide Finance at Wudaokou Finance College, Tsinghua University, Associate Dean of the National Finance Institute of Tsinghua University
14:00-15:30Theme Forum 7: Financial Helps Cultural Prosperity
  • host:
  • Zhao Wei Deputy Secretary of the Party Committee and Vice President of Wudaokou Finance College of Tsinghua University, Vice President of the Institute of Financial Science and Technology of Tsinghua University
  • Keynote speaker (invited):
  • Shao Qiwei Vice Chairman of the International Mountain Tourism Alliance, former Director of the National Tourism Administration
  • Speaker (invited):
  • Song Song Chairman of Beijing Culture
  • Wang Sen General Manager of Wentou Holdings
  • Li Ruigang Chairman of the Chinese Cultural Industry Investment Fund
  • Tang Xiaobin Chairman of Beijing Shangqi Capital Holdings Co., Ltd.

Forum information

Time: 2018.5.19-5.20
Venue: Tsinghua University New Tsinghua School
Theme: Financial reform, opening up and stable development in the new era

Organization

Organizer: Tsinghua University
Organizer: Wudaokou Finance College, Tsinghua University
Co-organizers: National Finance Research Institute of Tsinghua University, Institute of Financial Science and Technology, Tsinghua University
Official media: "Tsinghua Financial Review", Weiyang.com

Past review

2017 Tsinghua Wudaokou Global Financial Forum
2016 Tsinghua Wudaokou Global Financial Forum
2015 Tsinghua Wudaokou Global Financial Forum

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